BITGO combines custody, trading, financing and derivatives into one institutional platform.
Bitcoin's institutional infrastructure looks more like traditional Wall Street.
BitGo launched:.
BITGO GLOBAL MARKETS.
The new business combines its existing institutional trading operations with capabilities added through the acquisition of NYDIG's institutional trading business.
The platform brings several services under one roof:
Block spot and OTC trading.
Financing against digital asset collateral.
derivatives.
structured products.
Collateral management.
asset management.
institutional research.
Clearing and disposal.
This means that a large Bitcoin holder may hold BTC, trade it, use it as collateral, hedge exposure and settle transactions using a connected institutional infrastructure instead of connecting multiple providers.
Important: BitGo Global Markets is not a new bitcoin exchange and is not limited to BTC only.
It is a broader business of institutional digital assets.
But Bitcoin remains one of the most obvious use cases.
Large holders increasingly need the same financial tools around BTC that institutions already expect around stocks, bonds and commodities.
Adopting Bitcoin is no longer just about purchasing the property.
It is also about building the market infrastructure around it.
Custody comes first.
Now they are adding financing, derivatives and settlement to it.